William Raveis Implements Profit Power Back Office Solution

Company?s continued growth required improved back office solution
Company?s continued growth required improved back office solution

RISMEDIA, September 1, 2006?William Raveis Real Estate & Home Services, one of the largest family owned real estate firms in Massachusetts, Connecticut and New England has completed its implementation of the Profit Power Back Office Solution.

William Raveis Real Estate & Home Services has a network of 55 sales offices and 1,700 sales associates and/or Realtors. Their Connecticut real estate and Massachusetts real estate sales have topped the $5.1 billion mark, and they closed more than $300 million worth of mortgage loans annually.

Their continued growth and expansion required William Raveis Real Estate & Home Services to upgrade to a more sophisticated back office solution capable of managing the tremendous growth and increased services their enterprise firm offers.

?We reviewed all of the back office solutions available in today’s marketplace and we were very impressed with Profit Power,’ says John Davis, the company?s CFO. A real estate company of our size has some fairly demanding requirements and the only product that not only met those requirements, but exceeded them was Profit Power.

William Raveis the company?s founder and CEO stated, ?We were very impressed with the company behind the product. Comput-a-Search has been serving the real estate market for close to 30 years and many of their customers were larger enterprise firms. Their track record of success is hard to argue with and now that we are up and running with Profit Power we can see why it has become the leading back office solution today!?

Comput-a-Search Inc., the developer of Profit Power was founded by Ron and Kay Hurak in 1979. Profit Power was originally released by Comput-a-Search in 1981 and since that time the fully integrated software system has been implemented by many of the top real estate firms in the nation.

Aaron Taylor, CEO of Lantrax, Inc., the exclusive US service provider for Profit Power states, ?Comput-a-Search continually updates and enhances the Profit Power System to take advantage of the latest advances the computer industry makes available to them. Over the past 28 plus years Profit Power has matured into a complete broker management system offering reliability, stability and flexibility. Their constant effort to improve Profit Power so that the product will meet the demanding needs of the real estate industry is one of the many reasons Profit Power has succeeded where many of vendors have not.?

Today, Profit Power consists of 60 separate real estate solutions all wrapped up into one back office solution that allows real estate firms to manage just about every piece of real estate information that flows into their operation. Originally, back in the 1980s, Profit Power was a strong commission system which could handle 95% of the commission plans used by brokerage firms from coast to coast.

?Over the years Profit Power users wanted more from Profit Power so the system was constantly enhanced to meet the increasing needs of Comput-a-Search?s customers,’ says Taylor of Lantrax. Profit Power provides a seamless solution for managing sales contracts, escrow funds, relocation prospects, associate accounts receivables, associate deductions, listings, buyers, sellers, closings, commissions and more.

Many of Profit Power’s customers include large multi-branch organizations such as Alain Pinel Realty, Coldwell Banker Bain, Coldwell Banker United, Real Estate One, Realty USA, GMAC Real Estate (corporately owned companies), Illustrated Properties, Fonville-Morisey Realty, Prudential California, Century 21 Town and Country, to name just a few.

?Profit Power is unique in that it can handle any size of real estate operation including multiple company/branch organizations with thousands of agents or branch offices across the country,’ says Hurak.

?Comput-a-Search teamed up with the Great Plains Accounting Software organization (now owned by Microsoft) to create a completely integrated accounting system, to allow Profit Power data to instantly update the general ledger files within the Great Plains Accounting System,’ stated John Davis, CFO of William Raveis Real Estate & Home Services. This real-time integration allows our firm to have the best accounting system and the best back office solution in the US.?

William Raveis adds, ?What we really like about Profit Power is that it offers a tremendous amount of flexibility and expansion. We have a lot of plans for future growth and expansion of services within our real estate organization and we are very confident that Profit Power can handle anything we can throw at it.?

Two additional add-on web-enabled applications are also available within the Profit Power product line-up. Broker owners and branch managers want instant access to vital data relating to sales, commissions, closings, etc., and Profit Power Executive provides this immediate secured access,’ says Hurak. Profit Power Executive is a broker dashboard that the broker owner and branch managers can use to access Profit Power data from any Internet browser. Typically they use it to view sales statistics for any period on written, pending or closed sales activity. Ranking reports are also instantly available making it very easy for broker owners and branch managers to see who their top agents are.?

Profit Power Assistant is another web-enabled application that allows sales associates immediate real-time secured access to all of the data within Profit Power that pertains to their listings, commissions, sales, closings, clients and more.

?We created Profit Power Assistant to allow sales associates the ability to not only view their data, but allow them to use the information to increase customer service and generate more business in the future,? states Hurak. A really cool feature of Profit Power Assistant is that the sales associates do not have to enter the data into the application as the information has already been entered by the broker owner’s administrative staff.?

William Raveis Real Estate & Home Services is the largest family owned real estate firm in Massachusetts, Connecticut and New England. Their firm has a network of 55 sales offices and 1,700 sales associates and/or realtors. Their Connecticut real estate and Massachusetts real estate sales have topped the $5.1 billion mark, and they closed more than $300 million worth of mortgage loans annually. You can contact John Davis, the company?s CFO at (203) 925-4541 or
davisj@raveisre.com.

Comput-a-Search Inc., the developers of Profit Power was founded Ron and Kay Hurak with their head office located in Sarnia, Ontario, Canada. You can contact Ron Hurak from Comput-a-Search Inc. at 519-383-8383 or
rhurak@profitpowersystem.com.

LanTrax, Inc. is a diversified technology organization, committed to improving process, accessibility, and profitability for their clients. LanTrax is the exclusive U.S. service provider for Profit Power offering a complete line of instruction and implementation services. Lantrax?s head office is located in Williamsville, New York with satellite offices in Las Vegas, Nevada, Charlotte, North Carolina and Denver, Colorado. You can contact Aaron Taylor at 716-929-0000 or
aaron.taylor@lantrax.com.